Randon Acquires Hercules, Enters U.S. Trailer Market – Gear
The acquisition marks entry of Randon Corporations into a brand new marketplace for the OEM.
Picture: Rando
Randon Implementos, one of many largest trailer producers in Latin American, has acquired North American trailer producer Hercules for about $40 million.
The acquisition marks entry of Randon Corporations into a brand new marketplace for the OEM enterprise vertical.
Hillsborough, New Jersey-based Hercules is a conventional semi-trailer producer specialised in container chassis, with greater than 60 years in america.
The corporate obtained a certification for manufacturing Randon model merchandise in america.
“We have now achieved this historic milestone for the corporate, believing that coming into one of many largest markets of semi-trailers within the Western world is a elementary transfer within the execution of the sustainable progress technique we’ve got deliberate, increasing our worldwide participation in several geographies and enhancing synergies,” mentioned the CEO of Randon Cos. Sergio Carvalho in a press launch.
Along with six models positioned in Brazil, Randon Implementos maintains a plant in Argentina and works with companions for the meeting of semi-trailers in a number of strategic world logistics factors in Central America and Africa, along with a nationwide and worldwide distribution community of greater than 175 factors.
